GERMANY'S largest lender is making moves to press the mute button on staff as it tries to get to grips with its debt crisis.

It stated: “We fully understand that the deactivation will change your day-to-day work and we regret any inconvenience this may cause.

“However, this step is necessary to ensure Deutsche Bank continues to comply with regulatory and legal requirements.”

The bank's share price rallied today bouncing back to 18.14 from a low of 17.45 yesterday.

It comes after President Erdoğan compared foreign exchange traders to terrorists yesterday.

GETTY

Messaging apps have been banned by the bank's bosses

He said that "terrorists with dollars and with weapons have no difference."

Those comments were later followed up by a pro-Erdogan newspaper which claimed banks are deliberately trying to undermine the economy.

Indeed shortly after the claims were made public Deutsche took it upon itself to respond - despite the fact it hadn't been named.

GETTY

The bank has come through one of the worst years in its history

And it slammed any suggestion that trader's behaviour was akin to terrorism.

The lender’s Istanbul office issued the following statement: “Claims in the story about calling loans before their maturity and conducting operations in coordination with other institutions are totally groundless.”

Five years ago employees at the British arm of the bank destroyed 482 telephone call tapes which had been recorded.

Money saving hacks

Tue, August 16, 2016

Make money from your bank account and improve your finances with these easy money saving hacks.